SlideShare a Scribd company logo
1 of 7
Download to read offline
Importance/Significance
of planning
By Raj Narayan Yadav
1. planning provides direction:
By stating in advance how the work is to
be done, planning provides direction for
action. If there was no planning, employees
would be working in different directions and
the organization would not be able to achieve
its goals efficiently.
2. Planning reduces the risk of
uncertainty:
Planning is an activity which enables a
manager to look ahead, anticipate changes,
consider the impact of changes and develop
appropriate responses.
3. Planning reduces wasteful
activities:
Planning serves as the basis of coordinating
the activities and efforts of different
departments and individuals whereby useless
and redundant activities are reduced.
4. Planning promotes innovative ideas:
Planning is the first function of management.
Managers get the opportunity to develop new
ideas and new ideas can take the shape of
concrete plans.
5. Planning facilitates decision
making:
Under planning targets are laid down. The
manager has to evaluate each alternative and
select the most viable option. Thus planning
facilitates decision making.
6. Planning establishes standards for
controlling:
Planning provides the standards against which
the actual performance can be measured and
evaluated. Controlling is blind without planning.
Thus planning provides the basis for controlling.

More Related Content

What's hot

Pom 2 20 09 2008
Pom 2 20 09 2008Pom 2 20 09 2008
Pom 2 20 09 2008
msq2004
 

What's hot (20)

Importance of planning
Importance of planningImportance of planning
Importance of planning
 
Manager is an Effective planner
Manager is an Effective plannerManager is an Effective planner
Manager is an Effective planner
 
Planning and Steps in Planning ppt by Arun Joseph MLISc
Planning and Steps in Planning ppt by Arun Joseph MLIScPlanning and Steps in Planning ppt by Arun Joseph MLISc
Planning and Steps in Planning ppt by Arun Joseph MLISc
 
Process of planning
Process of planningProcess of planning
Process of planning
 
Planning
PlanningPlanning
Planning
 
Planning
PlanningPlanning
Planning
 
planning and its methods
planning and its methodsplanning and its methods
planning and its methods
 
Planning ppt class 12 business studies
Planning ppt class 12 business studiesPlanning ppt class 12 business studies
Planning ppt class 12 business studies
 
Planning in management process
Planning in management processPlanning in management process
Planning in management process
 
ppt
pptppt
ppt
 
PLANNING & TYPES OF PLANNING
PLANNING & TYPES OF PLANNINGPLANNING & TYPES OF PLANNING
PLANNING & TYPES OF PLANNING
 
Elements of planning
Elements of planningElements of planning
Elements of planning
 
Concept and Features of Planning
Concept and Features of PlanningConcept and Features of Planning
Concept and Features of Planning
 
Pom 2 20 09 2008
Pom 2 20 09 2008Pom 2 20 09 2008
Pom 2 20 09 2008
 
Planning, some basic concepts
Planning, some basic conceptsPlanning, some basic concepts
Planning, some basic concepts
 
Fundamentals Of Effective Planning
Fundamentals Of Effective PlanningFundamentals Of Effective Planning
Fundamentals Of Effective Planning
 
Planning
PlanningPlanning
Planning
 
Lecture review on Planning & organising
Lecture review on Planning & organisingLecture review on Planning & organising
Lecture review on Planning & organising
 
Introduction to planning
Introduction to planningIntroduction to planning
Introduction to planning
 
Planning in Management
Planning in ManagementPlanning in Management
Planning in Management
 

Similar to Importance/significance of planning

Function of management planning
Function of management   planningFunction of management   planning
Function of management planning
Sthefanie Parera
 
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
Ray Lucre
 

Similar to Importance/significance of planning (20)

Chapter - Planning
Chapter - PlanningChapter - Planning
Chapter - Planning
 
Planning.pptx
Planning.pptxPlanning.pptx
Planning.pptx
 
Presentation pom
Presentation pomPresentation pom
Presentation pom
 
Function of management planning
Function of management   planningFunction of management   planning
Function of management planning
 
Management Process
Management Process Management Process
Management Process
 
Planning
Planning Planning
Planning
 
Planning
PlanningPlanning
Planning
 
22_BCM53_2020112904583290.pdf
22_BCM53_2020112904583290.pdf22_BCM53_2020112904583290.pdf
22_BCM53_2020112904583290.pdf
 
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...
Planning - Meaning and Definition – Nature – Objectives – Advantages and Disa...
 
Mananagement PPT.pptx Diploma in Electrical engineering
Mananagement PPT.pptx Diploma in Electrical engineeringMananagement PPT.pptx Diploma in Electrical engineering
Mananagement PPT.pptx Diploma in Electrical engineering
 
PLANNING.pptx
PLANNING.pptxPLANNING.pptx
PLANNING.pptx
 
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
ENTERPRISE MANAGEMENT ASSIGNMENT 1 REV 0
 
Principles Of Management Unit 3
Principles Of Management Unit 3Principles Of Management Unit 3
Principles Of Management Unit 3
 
Planning
PlanningPlanning
Planning
 
Essentials Of Planing
Essentials Of PlaningEssentials Of Planing
Essentials Of Planing
 
Planing
PlaningPlaning
Planing
 
Planning.pptx
Planning.pptxPlanning.pptx
Planning.pptx
 
Functions of management
Functions of managementFunctions of management
Functions of management
 
System planning
System planningSystem planning
System planning
 
Planning
PlanningPlanning
Planning
 

More from Raj Narayan Yadav

More from Raj Narayan Yadav (20)

Incentives.pdf
Incentives.pdfIncentives.pdf
Incentives.pdf
 
Elements of Directing.pdf
Elements of Directing.pdfElements of Directing.pdf
Elements of Directing.pdf
 
Statutory corporation or public corporation.pdf
Statutory corporation or public corporation.pdfStatutory corporation or public corporation.pdf
Statutory corporation or public corporation.pdf
 
Controlling process.pdf
Controlling process.pdfControlling process.pdf
Controlling process.pdf
 
Multinational companies.pdf
Multinational companies.pdfMultinational companies.pdf
Multinational companies.pdf
 
Staffing Process.pdf
Staffing Process.pdfStaffing Process.pdf
Staffing Process.pdf
 
Government company.pdf
Government company.pdfGovernment company.pdf
Government company.pdf
 
Maslow's need hierarchy theory of motivation.pdf
Maslow's need hierarchy theory of motivation.pdfMaslow's need hierarchy theory of motivation.pdf
Maslow's need hierarchy theory of motivation.pdf
 
Accounting concepts and principles.pdf
Accounting concepts and principles.pdfAccounting concepts and principles.pdf
Accounting concepts and principles.pdf
 
Types of partnership.pdf
Types of partnership.pdfTypes of partnership.pdf
Types of partnership.pdf
 
Types of companies.pptx
Types of companies.pptxTypes of companies.pptx
Types of companies.pptx
 
Co-operative societies.pptx
Co-operative societies.pptxCo-operative societies.pptx
Co-operative societies.pptx
 
Types of partners.pptx
Types of partners.pptxTypes of partners.pptx
Types of partners.pptx
 
Animals of stock market (1).pptx
Animals of stock market (1).pptxAnimals of stock market (1).pptx
Animals of stock market (1).pptx
 
Products and Services.pdf
Products and Services.pdfProducts and Services.pdf
Products and Services.pdf
 
Comparison between different types of plans
Comparison between different types of plansComparison between different types of plans
Comparison between different types of plans
 
Goodwill by capitalisation of super profit method
Goodwill by capitalisation of super profit methodGoodwill by capitalisation of super profit method
Goodwill by capitalisation of super profit method
 
Types of plans
Types of plansTypes of plans
Types of plans
 
Goodwill by capitalisation of average profit method
Goodwill by capitalisation of average profit methodGoodwill by capitalisation of average profit method
Goodwill by capitalisation of average profit method
 
Goodwill by super profit method
Goodwill by super profit methodGoodwill by super profit method
Goodwill by super profit method
 

Recently uploaded

The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 
Call Girls in Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in  Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in  Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 

Recently uploaded (20)

Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
80 ĐỀ THI THỬ TUYỂN SINH TIẾNG ANH VÀO 10 SỞ GD – ĐT THÀNH PHỐ HỒ CHÍ MINH NĂ...
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
latest AZ-104 Exam Questions and Answers
latest AZ-104 Exam Questions and Answerslatest AZ-104 Exam Questions and Answers
latest AZ-104 Exam Questions and Answers
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
dusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learningdusjagr & nano talk on open tools for agriculture research and learning
dusjagr & nano talk on open tools for agriculture research and learning
 
How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17How to Create and Manage Wizard in Odoo 17
How to Create and Manage Wizard in Odoo 17
 
Interdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptxInterdisciplinary_Insights_Data_Collection_Methods.pptx
Interdisciplinary_Insights_Data_Collection_Methods.pptx
 
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdfUnit 3 Emotional Intelligence and Spiritual Intelligence.pdf
Unit 3 Emotional Intelligence and Spiritual Intelligence.pdf
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
Call Girls in Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in  Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in  Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Uttam Nagar (delhi) call me [🔝9953056974🔝] escort service 24X7
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 

Importance/significance of planning

  • 2. 1. planning provides direction: By stating in advance how the work is to be done, planning provides direction for action. If there was no planning, employees would be working in different directions and the organization would not be able to achieve its goals efficiently.
  • 3. 2. Planning reduces the risk of uncertainty: Planning is an activity which enables a manager to look ahead, anticipate changes, consider the impact of changes and develop appropriate responses.
  • 4. 3. Planning reduces wasteful activities: Planning serves as the basis of coordinating the activities and efforts of different departments and individuals whereby useless and redundant activities are reduced.
  • 5. 4. Planning promotes innovative ideas: Planning is the first function of management. Managers get the opportunity to develop new ideas and new ideas can take the shape of concrete plans.
  • 6. 5. Planning facilitates decision making: Under planning targets are laid down. The manager has to evaluate each alternative and select the most viable option. Thus planning facilitates decision making.
  • 7. 6. Planning establishes standards for controlling: Planning provides the standards against which the actual performance can be measured and evaluated. Controlling is blind without planning. Thus planning provides the basis for controlling.